HSA
Understanding the HSA Withdrawal Penalty
Many people like Health Savings Accounts (HSAs). They save on taxes and set aside money for medical expenses. When you join an HSA-qualified health plan and sign up for an HSA, you put pre-tax money into an account. You can then withdraw the funds for qualified healthcare expenses. The IRS defines these
HSA Contribution Limits
An important part of consumer-directed healthcare (CDH), HSAs offer participants enrolled in HSA-qualified (HDHP) health plans a way to save on taxes while setting aside money for out-of-pocket healthcare expenses for themselves and their families. Recently, the Internal Revenue Service (IRS) announced updated annual HSA contribution limits for 2026. 2026